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Posted: 5/31/2009 2:28:36 PM EDT
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A guy has an SBS in the NFA Registry
I want this guy's SBS What does it take for me to legally own it? How much time/money are we talking?Do I need a CLEO signature? |
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Same as anything else NFA-registered.
You will need to submit a Form 4 to the BATFE along with a $200 check for the transfer tax. If you are taking the transfer as an individual, then you will need fingerprints, a photo, and CLEO signoff. If you are taking the transfer as a trust, LLC, or other legal entity, then you do not need fingerprints, photos, or CLEO signatures, but you will need to send copies of the appropriate legal documents establishing the validity of the trust/LLC/etc. This is assuming that the SBS is coming from in-state. Out-of-state will require the owner to transfer it to a dealer first; only after that paperwork has come through (and the SBS arrived at the dealer) will you be able to then send your own F4 out. |
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Quoted:
Same as anything else NFA-registered. You will need to submit a Form 4 to the BATFE along with a $200 check for the transfer tax. If you are taking the transfer as an individual, then you will need fingerprints, a photo, and CLEO signoff. If you are taking the transfer as a trust, LLC, or other legal entity, then you do not need fingerprints, photos, or CLEO signatures, but you will need to send copies of the appropriate legal documents establishing the validity of the trust/LLC/etc. This is assuming that the SBS is coming from in-state. Out-of-state will require the owner to transfer it to a dealer first; only after that paperwork has come through (and the SBS arrived at the dealer) will you be able to then send your own F4 out. So...registering my reciever and just buying his barrel is a much better option I guess. Meh. I will probably pass. A lot of work involved there and I had a friend try to get a silencer a while back and could NOT! find a CLEO who would sign in our area. |
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Quoted:
So...registering my reciever and just buying his barrel is a much better option I guess. Meh. I will probably pass. A lot of work involved there and I had a friend try to get a silencer a while back and could NOT! find a CLEO who would sign in our area. If this is indeed coming from in-state, then going the Form 1 route will actually require MORE work, since you have to go to the trouble of engraving your receiver. Paperwork and requirements will be the same, except it would be on a F1 instead of a F4. If you can't get any CLEO to sign off, then go with one of the legal entity (trust/LLC/etc) routes instead. |
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Quoted:
Quoted:
So...registering my reciever and just buying his barrel is a much better option I guess. Meh. I will probably pass. A lot of work involved there and I had a friend try to get a silencer a while back and could NOT! find a CLEO who would sign in our area. If this is indeed coming from in-state, then going the Form 1 route will actually require MORE work, since you have to go to the trouble of engraving your receiver. Paperwork and requirements will be the same, except it would be on a F1 instead of a F4. If you can't get any CLEO to sign off, then go with one of the legal entity (trust/LLC/etc) routes instead. The decision is between my stock length M4 and a factory entry model M4. I will just stick with my 18.5" barrel I guess. 4.5" more barrel won't make or break me, and I get an extra 2 round capacity, and interchangeable chokes (which I honestly find more annoying than beneficial). |
| Form 1ing an M4 SBS will be quite harder to do than simply buying a complete one with a Form 4. As for CLEO signature just go the trust route. However make sure you do it with a lawyer; I hear that LA has funny trust laws, and a person recently got busted by the BATF for his Quicken trust. Also, remember the dealer rule only applies to out of state transfers, along with all other firearm transfers. If its in state all that has to be done is a Form 4, and once you have the approved Form 4 then a legal FTF can take place. |
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